Lenny is a mobile led lending app offers initial credit lines of up to $500 to students based on their GPA. It helps users secure credit and boost their credit rating to help in later life.
PRODUCTS & SERVICES:
Line of credit services on mobile app - for students.
It borrows funds instantly at low interest rates.
It help individuals improve their credit scores by informing major credit bureaus when payments are made on time.
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Partnered with Dwolla-provides payment services.
The focus is on millennials and credit worthiness of students is assessed on a multitude of criteria including their GPA.